Browsing: Business

In this Tuesday, June 15, 2021 photograph, beef is displayed in the meat department at Lambert’s Rainbow Market, in Westwood, Mass. Prices at the wholesale level surged by a record 9.6% in November 2021, from a year earlier, an indication of on-going inflation pressures The Labor Department said that its producer price index, which measures inflation before it reaches consumer, rose 0.8% in November compared to October, the highest monthly reading since June. (Charles Krupa/AP)

A hiring sign is shown at a booth for Jameson’s Irish Pub during a job fair on Sept. 22, 2021, in the West Hollywood section of Los Angeles. Hiring in California slowed significantly in November 2021 even as the state’s unemployment rate dipped below 7% for the first time since March 2020, at the start of the pandemic, according to data made public Friday, Dec. 17, 2021. (Marcio Jose Sanchez/AP)

Yet for now, the supply problems have persisted, and though there are signs that they are loosening in some industries, Powell acknowledged that progress has been limited. He noted that many cargo ships remain docked outside the port of Los Angeles and Long Beach, the nation’s largest, waiting to unload.